Virginia House Bill 1227 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 7 2016 - 100% progression
Action: 2016-03-07 - Governor: Acts of Assembly Chapter text (CHAP0260)
Text: Latest bill text (Chaptered) [HTML]

Securities Act; registration exemptions. Establishes an exemption for any offer or sale of a security that is conducted in accordance with Tier 2 of federal Regulation A promulgated under § 3(b)(2) of the Securities Act of 1933. The exemption applies to the extent that such securities are preempted from state registration requirements pursuant to Tier 2 of federal Regulation A. The measure requires the State Corporation Commission (SCC) to prescribe any filings with it of notices, renewals, and other materials. The measure authorizes the SCC to assess a filing fee. The SCC is further required to provide information on its website regarding the differences between this exemption and the crowdfunding exemption enacted in 2015.

Securities Act; registration exemptions.

Del. Glenn Davis [R]

Del. Mark Keam [D]

2016-02-25 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-22 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-16 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 102 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-11 - House - House: Reported from Commerce and Labor with amendment (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-03-07		Governor: Acts of Assembly Chapter text (CHAP0260)
2016-03-07		Governor: Approved by Governor-Chapter 260 (effective 7/1/16)
2016-03-04		Governor: Governor's Action Deadline Midnight, March 11, 2016
2016-03-04	House	Enrolled Bill communicated to Governor on 3/4/16
2016-03-03	Senate	Signed by President
2016-02-29	House	Signed by Speaker
2016-02-29	House	Bill text as passed House and Senate (HB1227ER)
2016-02-29	House	Enrolled
2016-02-25	Senate	Passed Senate (40-Y 0-N)
2016-02-25	Senate	Read third time
2016-02-24	Senate	Constitutional reading dispensed (39-Y 0-N)
2016-02-22	Senate	Reported from Commerce and Labor (15-Y 0-N)
2016-02-17	Senate	Referred to Committee on Commerce and Labor
2016-02-17	Senate	Constitutional reading dispensed
2016-02-16	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2016-02-16	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2016-02-15	House	Printed as engrossed 16103815D-E
2016-02-15	House	Engrossed by House as amended HB1227E
2016-02-15	House	Committee amendment agreed to
2016-02-15	House	Read second time
2016-02-13	House	Read first time
2016-02-11	House	Reported from Commerce and Labor with amendment (22-Y 0-N)
2016-01-19	House	Referred to Committee on Commerce and Labor
2016-01-19	House	Presented and ordered printed 16103815D

Chapter	Article	Section	Citation Type	Statute Text
13	1	514	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB1227
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1227+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1227E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB1227ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0260+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H14V0085+HB1227
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0629+HB1227
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S02V0096+HB1227
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0597HB1227+HB1227
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0613HB1227+HB1227